Having posted its mid-term financial results, hardware manufacturer, Caldwell UK, says it is on-course to end the year having ‘significantly increased’ turnover on the previous year, with the final results to be announced in December.
The company describes this as a ‘major achievement, considering the economic and industry climate’.
David Walker, Caldwell’s managing director, commented: “When you consider macro-economic factors such as Brexit and the general election, the results are pleasing.
“At a customer level, we have also brought on a record number of new accounts. This has been partly offset though by a dip in demand for some products, from a small number of existing customers. This has been due to what seems to be a national decrease in consumer spending on new windows and doors.”
David says that demand for its core offering of products for the vertical sliding sash window market has remained strong though, with the recently upgraded Ultra Lift 6 and Torso II proving to be ‘very popular’ with manufacturers.
Caldwell says it has also invested heavily in resources and infrastructure in 2017, launching its new robotic bi-fold testing facility, which tests the strength and durability of bi-folding doors and their hardware.
The business is also set to launch a state-of-the-art automated cyclic door testing rig, to test resistance against security attacks and ensure PAS24 compliance.
